Owens-Illinois Inc (OI): Today's Featured Consumer Goods Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Owens-Illinois ( OI) pushed the Consumer Goods sector higher today making it today's featured consumer goods winner. The sector as a whole closed the day down 0.4%. By the end of trading, Owens-Illinois rose $0.53 (1.8%) to $30.31 on average volume. Throughout the day, 1,272,315 shares of Owens-Illinois exchanged hands as compared to its average daily volume of 1,043,000 shares. The stock ranged in a price between $29.80-$30.67 after having opened the day at $29.87 as compared to the previous trading day's close of $29.78. Other companies within the Consumer Goods sector that increased today were: Castle Brands Incorporated ( ROX), up 19.4%, Mannatech ( MTEX), up 18.1%, Ever-Glory International Group ( EVK), up 7.1% and Amira Nature Foods ( ANFI), up 6.7%.

Owens-Illinois, Inc., through its subsidiaries, manufactures and sells glass container products to food and beverage manufacturers primarily in Europe, North America, South America, and the Asia Pacific. Owens-Illinois has a market cap of $4.9 billion and is part of the consumer non-durables industry. Shares are up 40.0% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Owens-Illinois a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Owens-Illinois as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Furniture Brands International ( FBN), down 18.3%, Pilgrims Pride ( PPC), down 7.8%, Tyson Foods ( TSN), down 7.3% and Crown Crafts ( CRWS), down 7.0% , were all laggards within the consumer goods sector with Colgate-Palmolive Company ( CL) being today's consumer goods sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer goods sector could consider iShares Dow Jones US Cons Goods ( IYK) while those bearish on the consumer goods sector could consider ProShares Ultra Sht Consumer Goods ( SZK).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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